Common use of Default on Other Obligations Clause in Contracts

Default on Other Obligations. If Borrower shall default in ---------------------------- payment of more than $10,000 due on any Debt of Borrower to others or if Borrower or any Guarantor shall default under any loan or security agreement with others or under any material lease involving a payment of more than $10,000 and any such default shall not be cured within 30 days after written notice to Borrower or Guarantor from Bank or any holder; or

Default on Other Obligations. If Borrower shall default in ---------------------------- payment of more than $10,000 due on any Debt Indebtedness of Borrower to others with respect to Indebtedness exceeding $50,000 in the aggregate or if Borrower or any Guarantor shall default under any loan or security agreement with others or under any material lease involving a payment of more than with respect to Indebtedness exceeding $10,000 50,000 in the aggregate and any such default shall not be cured within 30 thirty (30) days after written notice to Borrower or Guarantor from Bank or any holder; or

Default on Other Obligations. If Borrower shall default in ---------------------------- payment of more than Ten Thousand Dollars ($10,000 10,000.00) in the aggregate due on any Debt of Borrower to others or if Borrower or any Guarantor shall default under any loan or security agreement with others or under any material lease involving a payment of more than Two Thousand Five Hundred ($10,000 2,500) in the aggregate and any such default shall not be cured within 30 thirty (30) days after written notice to Borrower or Guarantor from Bank or any holder; or

Default on Other Obligations. If Borrower shall default in ---------------------------- payment of more than $10,000 due on any Debt Liabilities of Borrower to others or if Borrower or any Guarantor shall default under any loan or security agreement with others or under any material lease involving a payment of more than $10,000 and any such default shall not be cured within 30 days after written notice to Borrower or Guarantor from Bank or any holder; or

Default on Other Obligations. If Borrower shall default in ---------------------------- payment of more than $10,000 due on any Debt of Borrower to others or if Borrower or any Guarantor shall default under any loan or security agreement with others or under any material lease involving a payment of more than $10,000 and any such default shall not be cured within 30 days after written notice to Borrower or Guarantor from Bank or any holder; or